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BTCS Inc. Reaches Significant Milestone, Surpassing $275 Million of Ethereum and Assets on Balance Sheet

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BTCS Inc. (Nasdaq: BTCS) has achieved a significant milestone by accumulating 70,028 ETH worth approximately $270 million on its balance sheet. The company successfully closed a $10 million convertible notes issuance at a $13 per share conversion price, representing a 198% premium to its July 18 closing price.

Through its DeFi/TradFi Accretion Flywheel strategy, BTCS increased its Ethereum reserves by 14,240 ETH. The company has raised approximately $207 million year-to-date through various financing methods, including at-the-market equity sales and DeFi-based borrowing. BTCS currently has 47,852,778 common shares outstanding after selling 271,580 shares at $6.04 per share.

BTCS Inc. (Nasdaq: BTCS) ha raggiunto un traguardo importante accumulando 70.028 ETH per un valore di circa 270 milioni di dollari nel suo bilancio. L'azienda ha concluso con successo un'emissione di note convertibili da 10 milioni di dollari a un prezzo di conversione di 13 dollari per azione, rappresentando un premio del 198% rispetto al prezzo di chiusura del 18 luglio.

Attraverso la sua strategia DeFi/TradFi Accretion Flywheel, BTCS ha incrementato le sue riserve di Ethereum di 14.240 ETH. L'azienda ha raccolto circa 207 milioni di dollari da inizio anno attraverso diversi metodi di finanziamento, inclusa la vendita di azioni sul mercato e prestiti basati su DeFi. Attualmente BTCS ha 47.852.778 azioni ordinarie in circolazione dopo aver venduto 271.580 azioni a 6,04 dollari ciascuna.

BTCS Inc. (Nasdaq: BTCS) ha alcanzado un hito significativo al acumular 70,028 ETH valorados en aproximadamente 270 millones de dólares en su balance. La compañía cerró con éxito una emisión de notas convertibles por 10 millones de dólares a un precio de conversión de 13 dólares por acción, lo que representa una prima del 198% sobre el precio de cierre del 18 de julio.

A través de su estrategia DeFi/TradFi Accretion Flywheel, BTCS aumentó sus reservas de Ethereum en 14,240 ETH. La empresa ha recaudado aproximadamente 207 millones de dólares en lo que va del año mediante diversos métodos de financiamiento, incluyendo ventas de acciones en el mercado y préstamos basados en DeFi. Actualmente, BTCS tiene 47,852,778 acciones comunes en circulación tras vender 271,580 acciones a 6.04 dólares por acción.

BTCS Inc. (나스닥: BTCS)는 약 2억 7천만 달러 상당의 70,028 ETH를 보유하며 중요한 이정표를 달성했습니다. 회사는 주당 13달러 전환 가격으로 1,000만 달러 규모의 전환사채 발행을 성공적으로 마감했으며, 이는 7월 18일 종가 대비 198% 프리미엄에 해당합니다.

BTCS는 DeFi/TradFi Accretion Flywheel 전략을 통해 14,240 ETH만큼 이더리움 보유량을 늘렸습니다. 회사는 올해 들어 다양한 자금 조달 방법(시장 내 주식 매도 및 DeFi 기반 차입 포함)을 통해 약 2억 700만 달러를 조달했습니다. 현재 BTCS는 주당 6.04달러에 271,580주를 매도한 후 47,852,778 보통주를 발행 중입니다.

BTCS Inc. (Nasdaq : BTCS) a franchi une étape importante en accumulant 70 028 ETH d'une valeur d'environ 270 millions de dollars dans son bilan. La société a clôturé avec succès une émission de obligations convertibles de 10 millions de dollars à un prix de conversion de 13 dollars par action, représentant une prime de 198 % par rapport au cours de clôture du 18 juillet.

Grâce à sa stratégie DeFi/TradFi Accretion Flywheel, BTCS a augmenté ses réserves d'Ethereum de 14 240 ETH. La société a levé environ 207 millions de dollars depuis le début de l'année par divers moyens de financement, y compris des ventes d'actions sur le marché et des emprunts basés sur la DeFi. BTCS dispose actuellement de 47 852 778 actions ordinaires en circulation après avoir vendu 271 580 actions à 6,04 dollars chacune.

BTCS Inc. (Nasdaq: BTCS) hat einen bedeutenden Meilenstein erreicht, indem es 70.028 ETH im Wert von etwa 270 Millionen US-Dollar in seiner Bilanz angesammelt hat. Das Unternehmen hat erfolgreich eine 10-Millionen-Dollar-Wandelschuldverschreibung mit einem Umwandlungspreis von 13 US-Dollar pro Aktie abgeschlossen, was einem Aufschlag von 198 % gegenüber dem Schlusskurs vom 18. Juli entspricht.

Durch seine DeFi/TradFi Accretion Flywheel-Strategie hat BTCS seine Ethereum-Reserven um 14.240 ETH erhöht. Das Unternehmen hat bisher im Jahr etwa 207 Millionen US-Dollar durch verschiedene Finanzierungsformen, darunter Aktienverkäufe am Markt und DeFi-basierte Kredite, aufgenommen. BTCS hat derzeit 47.852.778 ausstehende Stammaktien, nachdem es 271.580 Aktien zu je 6,04 US-Dollar verkauft hat.

Positive
  • Successful closing of $10M convertible notes at 198% premium to current share price
  • Significant ETH holdings increase to 70,028 ETH ($270M value)
  • Strong year-to-date capital raising of $207M through diverse financing methods
  • Revenue generation through NodeOps (staking) and Builder+ (block building)
  • Strategic capital deployment with minimal share dilution
Negative
  • Ongoing share dilution through ATM program sales
  • Increased debt exposure through convertible notes
  • High exposure to ETH price volatility risk

Insights

BTCS significantly strengthened its balance sheet by expanding ETH holdings to 70,028 tokens worth $270M through strategic capital formation.

BTCS has executed a remarkable financial expansion, increasing its Ethereum holdings to 70,028 ETH ($270 million at $3,850/ETH) through what the company calls its "DeFi/TradFi Accretion Flywheel strategy." This represents a substantial addition of 14,240 ETH to their reserves.

The company closed a $10 million convertible notes issuance at a 198% premium to its recent share price ($13 conversion price vs. $4.36 closing price), demonstrating strong investor confidence in their blockchain-focused business model. What makes this particularly notable is how BTCS is creating a vertically integrated Ethereum operation that generates yield through both staking (NodeOps) and block building (Builder+) activities.

From a capital structure perspective, BTCS has been disciplined in managing dilution, selling only 271,580 shares under its ATM program, bringing total outstanding shares to 47,852,778. More impressively, the company has raised approximately $207 million year-to-date through diversified capital sources including at-the-market equity sales, premium-priced convertible debt, and DeFi-based borrowing.

This strategic accumulation of Ethereum positions BTCS as perhaps the most leveraged public market pure-play on Ethereum's ecosystem. Unlike companies that simply hold digital assets, BTCS is actively deploying this treasury to generate yield through staking and block building infrastructure services. This creates a potential compounding effect where treasury assets themselves generate additional returns beyond mere price appreciation.

Increases ETH Reserves by 14,240 to 70,028 via Hallmark DeFi/TradFi Flywheel Accretion Strategy

Closes $10 Million Convertible Notes Issuance

Silver Spring, MD, July 28, 2025 (GLOBE NEWSWIRE) -- BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a blockchain technology-focused company, short for Blockchain Technology Consensus Solutions, today announced the successful closing of its issuance of approximately $10 million in above marked convertible notes. This financing, structured at a compelling $13 per share conversion price, a 198% premium to BTCS’s July 18, 2025 closing price, furthered the Company’s hallmark DeFi/TradFi Accretion Flywheel strategy.

In conjunction with this issuance and ongoing strategic capital deployment, BTCS has increased its Ethereum (ETH) reserves by 14,240 ETH, bringing total holdings to 70,028 ETH with a fair market value of approximately $270 million based on an ETH price of $3,850. Further, during the week ending July 25, 2025 the Company only sold 271,580 shares under its ATM program in a single block trade at $6.04 per share for $1.64 million. As a result, the total number of common shares outstanding now stands at 47,852,778.

Surpassing $270 million in ETH reserves that are generating revenue and yield for our shareholders through NodeOps (staking) and Builder+ (block building) is a tremendous achievement,” said Charles Allen, CEO of BTCS. “Successfully closing the $10 million financing at a substantial premium is yet another testament to the strength and market confidence in our hallmark DeFi/TradFi Accretion Flywheel strategy. We are hitting our stride of actively deploying capital to not only expand our ETH treasury but also fuel our blockchain infrastructure operations and are proud to continue our trajectory as the most financially and operationally leveraged Ethereum play in public markets today.”

BTCS continues to successfully execute its DeFi/TradFi Accretion Flywheel capital formation strategy, leveraging both decentralized and traditional finance to expand its ETH holdings, capitalize on its vertically integrated operations, and enhance shareholder value. The Company has now raised approximately $207 million year-to-date through a mix of at-the-market equity sales, above-market convertible debt, and DeFi-based borrowing, all aligned with its strategy to optimize ETH exposure while actively managing dilution.

About BTCS:
BTCS Inc. (“BTCS” or the “Company”), short for Blockchain Technology Consensus Solutions, is a U.S.-based Ethereum-first blockchain technology company committed to driving scalable revenue and ETH accumulation through its hallmark strategy, the DeFi/TradFi Accretion Flywheel, an integrated approach to capital formation and blockchain infrastructure. By combining decentralized finance (“DeFi”) and traditional finance (“TradFi”) mechanisms with its blockchain infrastructure operations, comprising NodeOps (staking) and Builder+ (block building), BTCS offers one of the most sophisticated opportunities for leveraged ETH exposure, driven by scalable revenue generation and a yield-focused ETH accumulation strategy. Discover how BTCS offers operational and financial leveraged exposure to Ethereum through the public markets at www.btcs.com.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this press release constitute “forward-looking statements” within Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 including statements strategy to optimize ETH exposure while actively managing dilution and driving scalable revenue generation. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation market conditions, regulatory issues and requirements, unanticipated issues with our At-The-Market Offering facility, unexpected issues with Builder+, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2024 which was filed on March 20, 2025. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events or otherwise, except as required by law.

For more information follow us on:
Twitter: https://x.com/NasdaqBTCS
LinkedIn: https://www.linkedin.com/company/nasdaq-btcs
Facebook: https://www.facebook.com/NasdaqBTCS

Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com


FAQ

How much Ethereum does BTCS hold as of July 2025?

BTCS holds 70,028 ETH with an approximate value of $270 million based on an ETH price of $3,850.

What is the conversion price for BTCS's new convertible notes?

The convertible notes have a conversion price of $13 per share, representing a 198% premium to BTCS's July 18, 2025 closing price.

How much capital has BTCS raised in 2025?

BTCS has raised approximately $207 million year-to-date through ATM equity sales, convertible debt, and DeFi-based borrowing.

What is BTCS's DeFi/TradFi Accretion Flywheel strategy?

It's a capital formation strategy that leverages both decentralized and traditional finance to expand ETH holdings while managing dilution and capitalizing on blockchain infrastructure operations.

How many shares of BTCS are outstanding after recent transactions?

BTCS has 47,852,778 common shares outstanding after selling 271,580 shares at $6.04 per share through its ATM program.
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